Duplex w/ potential in South Denver

[Mitch Lukes]

1917 S Huron Street

PP: $875,000

Rehab: $40,000

ARV: 950k-1.1 million

Low End: pp: 729.5k

High End: pp: 851.1k

1917 S Huron: Market Rent: $2,400

1918 S Huron: Market Rent: $3,100

Mortgage pmt 10/28:

5% $43,750

D pmt: 5%

$43,750

Pmt: $7,100

Minus rent: -2400______

pmt = $4,700

Rent out garage:-800

______

pmt = $3,900

Dang hard to make it work. Hahah way off with the interest rate at 7.742% but has potential. New builds in area, not as closer to golf-course/ south platte. Other new-build ½ unit homes for sale are going for $724k and $745k but two floors.

Let me know if anyone likes this content! Going through deals that could work, but I am not ready yet. Hope someone makes it work!

Mitch Lukes